Alitalia SpA must convince Etihad Airways PJSC that it can turn a profit and not simply enhance traffic flows to the Gulf, the Abu Dhabi-based carrier said as it continues to examine the Italian company’s books.
Etihad Airways PJSC Chief Executive Officer James Hogan is preparing to unveil a series of Latin American partnerships as the Middle East’s third-largest airline bolsters its global network of local cooperations
Etihad Airways PJSC said it will decide within 30 days whether to buy a stake in ailing Italian airline Alitalia SpA as the Abu Dhabi flag carrier continues its streak of purchases to funnel traffic through the Middle East.
Etihad Airways PJSC will use its new Swiss unit to add flights to Germany, deepening penetration of a market where a cap on direct flights has already caused the Gulf carrier to invest in Air Berlin Plc.
Etihad Airways PJSC, the third- largest Middle Eastern airline, said it’s looking for purchases in the Americas and China to round out its strategy of buying airline stakes that funnel traffic through its Abu Dhabi hub.
Etihad Airways PJSC, the third- biggest Gulf carrier, said it signed a code-share deal with New York-based JetBlue Airways Corp. allowing it to sell tickets on 40 of the U.S. carrier’s routes pending government approvals.
Etihad Airways plans to intensify its strategy of growing passenger numbers via tie-ups with other carriers, bucking the go-it-alone stance of Gulf rival Emirates, Chief Executive Officer James Hogan said in an interview.
Etihad Airways, the smallest of the three major Middle Eastern carriers, said it ordered Boeing Co. wide-body aircraft valued at $25.2 billion to build a more fuel- efficient long-distance fleet as it network expands.